22f68a46f8c293bced3a3f78b44777a3d6555c6b44a6e1e72689918c98a6159e on Nostr: The International Monetary Fund (IMF) has again urged countries not to adopt ...
The International Monetary Fund (IMF) has again urged countries not to adopt cryptocurrencies as legal tender due to their higher risk of instability.
The global lender of last resort said its board had discussed new guidance for its member countries on how they should form policies around cryptocurrencies.
At the top of the IMF’s nine-step plan is a plea to “not grant crypto assets official currency or legal tender status” and improve financial stability by shoring up rules around digital currencies.
The bank warned that the widespread adoption of crypto assets “could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks”.
Buy it. Hold it. Stick it up their asses. #bitcoin
The global lender of last resort said its board had discussed new guidance for its member countries on how they should form policies around cryptocurrencies.
At the top of the IMF’s nine-step plan is a plea to “not grant crypto assets official currency or legal tender status” and improve financial stability by shoring up rules around digital currencies.
The bank warned that the widespread adoption of crypto assets “could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks”.
Buy it. Hold it. Stick it up their asses. #bitcoin